Farther Finance Advisors LLC Raises Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Farther Finance Advisors LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 77.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 370 shares of the company’s stock after purchasing an additional 162 shares during the quarter. Farther Finance Advisors LLC’s holdings in Charter Communications were worth $120,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CHTR. Reston Wealth Management LLC bought a new stake in shares of Charter Communications during the 3rd quarter valued at $26,000. CVA Family Office LLC boosted its stake in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. purchased a new position in shares of Charter Communications during the 1st quarter worth about $34,000. Grove Bank & Trust lifted its holdings in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Charter Communications by 109.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research report on Wednesday, September 11th. Barclays boosted their target price on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Benchmark upped their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus price target of $379.06.

Charter Communications Stock Up 0.6 %

CHTR opened at $396.04 on Tuesday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. The stock has a market capitalization of $56.32 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 0.63 and a beta of 1.03. The business has a 50-day moving average of $336.70 and a two-hundred day moving average of $316.82. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $421.16.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.25 EPS. On average, research analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.